3 TS INDUSTRISERVICE AS: årsregnskap 2022 vs 2021
Returned to profit, cash halved-plus
approved 2023-06-16; registry 2023-06-24; journal 2023 500621
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3 TS INDUSTRISERVICE AS. Revenue 18.34m NOK → 17.90m NOK (-2.4%). Net result -1.17m NOK → +2.53m NOK. Equity 3.09m NOK → 5.61m NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 1.17m NOK to a profit of 2.53m NOK. Calculated
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↑
Equity strengthened
Book equity 3.09m NOK → 5.61m NOK (equity ratio 27.5% → 35.2%). Calculated
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↑
Payroll decreased
Salary cost 7.35m NOK → 6.17m NOK (40% → 35% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.34m NOK to 17.90m NOK (-2.4% YoY). Calculated
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↓
Cash fell
Bank deposits 1.57m NOK → 354.4k NOK (-77.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.57m NOK → 354.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 7.87m NOK → 5.51m NOK (-30.0% YoY). Calculated